Data:2009-12-12 2:34
Category: Money tips Release Date: 2007-04-18
Arima Technology (600,371 market, information, reviews, Search) 06/07 annual sales quarter is already showing a good momentum. Particularly in the Northeast region, due to continued strength this year, corn prices, corn farmers in northeast China's enthusiasm in the company, marketing to start as early as in the northeastern region Zhengdan 958 to buy warm very positive, with the region's current task has completed plans to sell 70% over the a 50% increase over same period last year.
Zheng 958 area due to continued growth in the promotion, the company has annual sales of more optimistic about the situation. Expects total sales of corn seeds will reach 1.1 billion kg. As the seed to maintain a relatively stable performance of the company accordingly improved significantly. Other seeds, the company has already begun on rice, cotton seed in the research and try, 08 years later is expected to scale. The company's sunflower seed business has a high market share, this year is expected to contribute 20 million net profit.
United Securities analyst LIU Shu-kun that, given a good sales start in the Northeast region, improve the company's 2007 profit forecast to 0.61 yuan. As the company's price-earnings ratio in 2007 was only 21.5 times the value, the valuation has obvious advantages, so fair value should be 16 to 18 per hour, to maintain "overweight" rating.
